Safety firewoodFX
Other Testimonials
E Edgar Garrett
Oct 20 2023
Oct 20 2023
I am not sure if they use market execution or... More
I Irving Barnes
Oct 20 2023
Oct 20 2023
This is officialy one of the best low spread broker... More
M Michael Gray
Oct 19 2023
Oct 19 2023
Execution is consistently excellent, and the flexible spread is clearly... More
T Tony Ferguson
Oct 16 2023
Oct 16 2023
They provide instant execution, and even when I trade using... More
A Arthur Fletcher
Oct 11 2023
Oct 11 2023
I'm delighted to share my review of FirewoodFX and its... More
M Manuel Love
Oct 9 2023
Oct 9 2023
FirewoodFX is kind of a big deal in my country... More
More Brokers Testimonial
D Dexter
Dec 4 2020
how safe is trading at firewoodFX?
E Eric
Dec 12 2020
Dexter: Firewood FX is one of the forex brokers that are quite in demand. Regarding the safety of trading at this broker, I think it is relatively safe for traders with small to medium capital. However, I do not recommend large investors to trade with this broker. The reason is, this broker is only regulated by the local regulatory agency where the broker comes from, namely the St. Vincent and the Grenadines.
R Ralph West
Dec 21 2020
Eric: If for a deposit of USD10,000 is it still safe?
E Eric
Dec 22 2020
Ralph West: not safe. Large capital should use a broker that has good regulations such as CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. Examples of brokers that have the above regulations include Saxobank, Dukascopy, FXCM, Oanda, Swissquote, Forex.com, City Index, IG, ICmarkets, Vantage FX.
H Henry Gill
Mar 17 2021
Dexter: I have been using firewoodfx since the beginning of 2020, so far the deposit and w/d are safe and the process is also fast, in a matter of minutes. it's just that the deposit or w/d process is quite complicated, you have to go through a changer. CS is also responsive 24 hours. I recommend it if you want to deposit 100-3000 USD.